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 Strategies & Market Trends | The Financial Collapse of 2001 and Beyond


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To: The Jack of Hearts who wrote (88950)4/10/2012 7:51:17 PM
From: bart13
1 Recommendation   of 108640
 

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To: Metacomet who wrote (88946)4/10/2012 7:56:36 PM
From: Maurice Winn
1 Recommendation   of 108640
 
Self defence does require killing the attackers: < Now listen to the chorus of proud Republicans, and their philosophical cohorts wherever, who will kill to keep that inequity going... > My father spent 4 years at war with Germany's National Socialists who wanted to make things nice and equal. When you come to take my stuff, you should not be surprised to get a shotgun blast meet you at the door. When Robin Hood says "Stand and deliver" the guy riding shotgun gives him both barrels and rightly so. There are bludging predators everywhere and they must be kept at bay.

Mqurice

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To: Maurice Winn who wrote (88954)4/10/2012 8:10:29 PM
From: The Jack of Hearts
   of 108640
 
LOL you were doing great right up to and including contributes useful things!!


Then you went tangential ;o)

Presently I am trying to decide which hockey tryouts my son can do.. <Different people with different points>

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To: bart13 who wrote (88955)4/10/2012 8:12:27 PM
From: The Jack of Hearts
1 Recommendation   of 108640
 
So blips with economy... but the trend is undeniable.. another day older and deeper in debt...

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To: bart13 who wrote (88953)4/10/2012 8:15:38 PM
From: The Jack of Hearts
   of 108640
 
Somehow... folks are no longer getting a hand up but a hand out.. I am all for handouts to some .. and a hand up to many.. but it is becoming a way of life (hand outs) to aspire to.. that is not good..

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To: The Jack of Hearts who wrote (88952)4/10/2012 8:16:37 PM
From: Follies
2 Recommendations   of 108640
 
I think there are two primary factors. I had not considered this first fact much, but I see more and more how powerful this is.

1) Those with the gold make the rules. We have elite running the country whose primary purpose is retaining power. Look at Corzine, why isnt he in jail? They are able to make tax laws that allow them gather more wealth. I am not in favor of Obamas Buffet rule because investment is important. But why has it taken so long for congress to be subject to insider trading??? WTF?

2) This is a more serious trend that is irrefutable and has global society ramifications. It is most noticeable in this recover that companies were able to increase productivity without hiring. As more and more things are replaced with automation, more and more jobs will pay only minimum wage. Only the very best and brightest will be able to rise above the bar and make good money. It is what is happening and laws cannot change it unless we completely change how property and wealth are created and owned. I cant see that happening.

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To: Maurice Winn who wrote (88956)4/10/2012 8:17:12 PM
From: Metacomet
2 Recommendations   of 108640
 

Look at the chart..defend it, like a good VVV Christian....




Some folks are such dependable dispensers of gibberish..

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To: Follies who wrote (88960)4/10/2012 8:17:32 PM
From: The Jack of Hearts
   of 108640
 
1) Those with the gold make the rules


Canada is screwed then LOL


that companies were able to increase productivity without hiring.

Technology is relentless.. and accelerating.. we need a societal change (not in our genes to a great enough extent) or fewer folks ... both actually

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To: Metacomet who wrote (88961)4/10/2012 9:44:03 PM
From: Maurice Winn
1 Recommendation   of 108640
 
Thanks for that data MC. First we need to check the actual information presented. Note carefully that they use the expression "financial wealth". That obviously excludes ownership of houses, pensions, family trusts, cushy jobs, easy lifestyle, and other "non financial wealth".

What do they mean by "financial wealth"? I guess it's "money in the bank" and "shares, bonds and such financially liquid assets". But who knows?

It's not really something that needs defending. It's just a matter of observing it. Since I know that top people are capably of superlative feats compared with the bottom half in any particular field, it's not in the slightest surprising that the top 5% has such a large share of financial assets. I would be surprised if it was different.

If you give people $1 million each, within a year or four, you will find a similar split. The dumb half will have blown through it in no time and be wondering what happened. A few will still have some. 1% will have done really well.

That's just the natural variation of people. You can look up pretty much any characteristic and find something like a normal distribution curve. Since many things are a win-lose outcome, with the loser being empty-handed, it's not surprising that the spread is wide. In golf for example, there's not much interest in the people coming 25th at Augusta. It's Tiger, Rory and those who are amazing who capture the rewards. Same in Formula 1. Coming 4th is not much use. Roger Federer filled the galleries.

You are suffering envy. Perhaps some counseling would help. The seven cardinal sins are a curse on the person suffering them.

Mqurice

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To: Maurice Winn who wrote (88849)4/10/2012 10:16:51 PM
From: Lazarus
   of 108640
 
my wife and i just watched Martin Scorcese's latest movie HUGO and it contained a dream within a dream scene. it was indeed quite odd. i dont know that i have ever had one, and expect that if i did i would recall it.

the wisdom literature of the longer canon which is part of the Orthodox and Roman Catholic bible contains some interesting passages about dreams.

this, for example, from the Wisdom of Sirach (chapter 40):

40:1Great travail is created for every man, and an heavy yoke is upon the sons of Adam, from the day that they go out of their mother’s womb, till the day that they return to the mother of all things. 40:2 Their imagination of things to come, and the day of death, trouble their thoughts, and cause fear of heart;

40:3 From him that sitteth on a throne of glory, unto him that is humbled in earth and ashes;

40:4 From him that weareth purple and a crown, unto him that is clothed with a linen frock.

40:5 Wrath, and envy, trouble, and unquietness, fear of death, and anger, and strife, and in the time of rest upon his bed his night sleep, do change his knowledge.

40:6A little or nothing is his rest, and afterward he is in his sleep, as in a day of keeping watch, troubled in the vision of his heart, as if he were escaped out of a battle.

40:7 When all is safe, he awaketh, and marvelleth that the fear was nothing.

40:8Such things happen unto all flesh, both man and beast....."

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